Bp Still Struggling to Shake Off Effects of Spill

The JournalOctober 24, 2011

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Summary


QUARTERLY results from BP and Glaxo-SmithKline will dominate attention this week as the City's current reporting season steps up a gear.

Oil giant BP is expected to reveal an 11% drop in profits tomorrow as the fall-out from the Gulf of Mexico oil disaster continues to hit production and pile pressure on chief executive Bob Dudley.

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Extract


Bp Still Struggling to Shake Off Effects of Spill

BP's profits are forecast to be in the region of pounds 3.1bn in the third quarter, an 8% fa...

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